02:47 PM EDT, 04/04/2025 (MT Newswires) -- Fed Chairman Jerome Powell (voter) said that the impact of tariffs could be larger than expected, but it is the Fed's role to make sure that temporary inflation spikes do not translate longer term ongoing inflation. Powell said that there is still uncertainty about how tariffs will affect the economy, though economic conditions,...

(Reuters) - Berkshire Hathaway ( BRK/A ) said on Friday that reports on social media regarding comments allegedly made by its chairman are false, after Donald Trump's account on Truth Social shared a video suggesting that Warren Buffett endorsed the U.S. president's economic policies. The video, posted by a user named AmericanPapaBear, said Trump was intentionally crashing the market to...

02:32 PM EDT, 04/04/2025 (MT Newswires) -- US benchmark equity indexes plunged intraday, extending losses from the previous session, as China retaliated with fresh tariffs on US goods and Federal Reserve Chair Jerome Powell flagged inflation risks from the ongoing trade war. The Nasdaq Composite was down 4.8% at 15,747.5 after midday Friday, while the S&P 500 dropped 4.6% to...

By Costas Pitas, Brendan O'Brien (Reuters) -The stock market plunge has more to do with the emergence this year of China's DeepSeek artificial intelligence tool than with President Donald Trump's policies, U.S. Treasury Secretary Scott Bessent said in an interview released on Friday that signaled little concern about the ongoing nosedive. For everyone who thinks these market declines are all...